In destination countries, as immigration occurs and more labor is employed, in the short run, wages fall and the marginal products of land and capital (fixed resources):

a. are unaffected.
b. both rise.
c. both fall.
d. rise for one and fall for the other.

Ans: b. both rise.

Economics

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Well-defined property rights give entrepreneurs the incentive to

A) engage in risky business endeavors in order to accumulate future wealth. B) use the eminent domain laws to seize property for public use. C) lobby Congress in order to increase environmental regulations. D) evade taxes.

Economics

A business enterprise in which employees must belong to the union before they can be hired is

A) a closed shop. B) a union shop. C) a jurisdictional dispute. D) an industrial union.

Economics